Natural Resource Management is the sustainable...
Transcript of Natural Resource Management is the sustainable...
-
Our Story
2012
201
3Natural Resource Management is the sustainable management of Australias natural resources; our land, water, marine and biological systems
-
Perth Region NRM 2013 Annual Report
1
Perth Region NRM 2013 Annual Report
We are custodians of the Swan Region Strategy for natural resource management.
As an independent, not-for-profit organisation, we coordinate a range of natural resource management projects across the Swan Region in Perth, Western Australia that are vital to ensure our ongoing social, economic and environmental wellbeing. We are recognised by the Australian and Western Australian Government as the lead organisation for natural resource management and are the custodians of the Swan Region Strategy for Natural Resource Management.
We work to promoteSustainable environmental outcomes, including the quality of our water resources, the health of our coastal environment and protecting biodiversity and cultural heritage across the region, as well as raising awareness of sustainable agricultural practices.
We work in partnership withCommunity and Landcare groups, volunteers, partners, the Aboriginal community, government, business and industry, to mitigate environmental issues in the region and help deliver positive outcomes for our community.
Our vision The natural resources of the Perth Region will be protected and managed sustainably in their own right and for the enhancement of the quality of life for present and future generations.
We are innovatorsWe connect with our stakeholders to identify issues and generate ideas to enable them to deliver innovative, crucial projects across the region.
We help engage business with communityOur ability to overlap a variety of natural resource management themes means we can help our partners to leverage opportunities, engage effectively across diverse communities and deliver definitive change.
Who are we?
Perth Region NRM 2013 Annual Report
ContentsWho are we? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
Protecting our coastal and marine environment . . . . . . . . . . . . . . . . . . . . . 3
Preserving cultural heritage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
Enhancing biodiversity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Protecting the quality of our water resources . . . . . . . . . . . . . . . . . . . . . . . 9
Promoting sustainable agriculture. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Building communities online . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Our leadership. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Financial report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14Directors report. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14Statement of financial position. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15Income statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16Notes to the financial report. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17Officers assertion statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20Independent auditors report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
http://www.perthregionnrm.com/
-
Perth Region NRM 2013 Annual Report Perth Region NRM 2013 Annual Report
Coastal and Marine
This program strives to conserve coastal and marine biodiversity to improve the ecological integrity of these environments. We work closely with coastcare groups and other community organisations to provide on-ground and administrative support, to assist with developing funding applications and partnerships, to build capacity through workshops, resource provision and special events and to maintain the important liaison with land managers on coastal restoration issues and opportunities.
Highlights:
Coastcare for Singles: A very popular annual event held at Leighton Beach, it attracted 40 keen, young participants who planted 2000 coastal seedlings, whilst enjoying meeting like-minded people.
Corporate planting days: We held numerous corporate sessions in conjunction with our partners and volunteer groups providing employees from organisations such as PwC and Woodside, BHP Billiton- Nickel West and BP Refinery, a chance to engage in worthwhile projects in the community, whilst helping business deliver on their corporate responsibility objectives.
Educational events: We held a range of community workshops such as Shorebirds 2020, Introduction to Coastcare, a field trip to Penguin Island and several school trips. Such initiatives raise awareness about protecting our coastal environment and helps build capacity in the community.
Protecting our coastal and marine environment
Thank you to our many partners for helping us share our passion and knowledge and to deliver great on-ground outcomes in the Swan Region.
32
Click on image to view a full PDF version
http://www.perthregionnrm.com/pr-nrm-programs/coastal.aspxhttp://www.perthregionnrm.com/pr-nrm-programs/coastal/resources.aspxhttp://www.perthregionnrm.com/
-
Perth Region NRM 2013 Annual Report Perth Region NRM 2013 Annual Report
Cultural Heritage
Traditional Ecological Database
Our aim is to help protect traditional, Aboriginal heritage and to incorporate these values within the management of natural resources in a practical way.
Highlights:
Launch of the Traditional Ecological Knowledge Database: This lists the English and Noongar names of endangered flora and specifies their traditional use. It provides an insight into why native plants have cultural significance for Aboriginal people and why they should be protected. The database is a great tool for government and community to help embed this knowledge into planning as well as with on-ground works.
Community events: The Cocky Count brought together the Aboriginal and the wider community to share traditional stories about the significance of the Carnabys Black Cockatoo. This was a great example of applying traditional knowledge across different environmental themes, as the event was part of a larger biodiversity project to help protect the habitat of these birds.
Thanks to our many partners for helping the Aboriginal community reconnect with traditional culture and for helping us share this knowledge with the broader community in the Swan Region.
Preserving cultural heritage
54
http://www.perthregionnrm.com/pr-nrm-programs/cultural-heritage.aspxhttp://www.perthregionnrm.com/media/67417/tek-database-combined-document.pdfhttp://www.perthregionnrm.com/http://www.perthregionnrm.com/media/67417/tek-database-combined-document.pdf
-
Biodiversity
Perth Region NRM 2013 Annual Report Perth Region NRM 2013 Annual Report
Biodiversity
Thanks to our many partners for working with us to improve biodiversity in priority areas.
Enhancing biodiversity
76
We seek to conserve and enhance the terrestrial and aquatic biodiversity as well as the habitat of all native species.
Highlights:
The Great Cocky Count: In conjunction with BirdLife Australia hundreds of community members across the Swan Region gathered at sunset to help count the Carnabys Black Cockatoo, a threatened species. The focus of our project was to help preserve this species and the Baudin Black Cockatoo. Our aim is to improve habitat management, which has been impacted by urban clearing, dieback and invasive weeds.
Campaign to spot Weeds of National Significance: We engaged the community to help reduce the impact of weeds (as identified by the Australian government) such as Blackberry, Grey Sallow, Boneseed and Broom. We worked in conjunction with community groups and local government to raise awareness through hands-on activities and promotional material, encouraging people to spot the weeds. We eradicated 974ha of boneseed, 200ha of willows and trained 500 people in weed identification and control.
Dieback education in schools: In conjunction with the Dieback Working Group we continued our work to assist primary schools to look after their adopted bushland sites and help protect native species, get rid of weeds and enhance biodiversity.
Corporate and community activities: Our ongoing partnership with the Swan River Trust and Alcoa Landcare Program (SALP) aims to provide access to funding for a broad range of environmental activities within the Swan Region. In particular, funding for community groups or local governments working for on-ground works to protect surface and groundwater and biodiversity in coastal, wetland, riparian and terrestrial vegetation sites. Groups across the region continued to hold multiple planting sessions.
http://www.perthregionnrm.com/pr-nrm-programs/biodiversity.aspxhttp://www.perthregionnrm.com/
-
Perth Region NRM 2013 Annual ReportPerth Region NRM 2013 Annual Report
Water
Thanks to our many partners for their support in protecting and enhancing wetlands and waterways in the Swan Region.
Protecting the quality of our water resources
Our projects focus on preserving water quality whilst improving habitat management around our urban waterways such as our wetlands, streams and rivers. We provide support and advice to a range of groups to help increase community awareness about issues that affect the quality of the water such as the nutrient run-off from surrounding land. We aim to build capacity and to deliver real outcomes on the ground.
Highlights:
Restoring the Swan-Canning tributaries: An important project over the past year, it focused on planting and weeding and increasing community capacity to restore priority riparian areas. More than 720 participants attended workshops held across the region to help promote behaviour change in an attempt to reduce nutrient levels in the tributary, whilst over 500 volunteers participated in planting days. Our partners SERCUL, EHCMP and EBICG worked to rehabilitate native vegetation through the Eastern Hills, Canning River and Ellen Brook, controlling grassy and woody weeds over 107.3 hectares, planting more than 100,000 native seedlings, including sedges and rushes.
Studying the Bayswater Brook catchment: The project focused on developing partnerships around management to improve water quality. The Bayswater Brook Working Group Action Plan, resulting from the project, was referenced as a model case study in the Drainage Partnership Agreement between WALGA, DoW, the Swan River Trust and the Water Corporation. It identified barriers to the implementation of effective partnership plans for drainage management.
Delivering education and awareness amongst land managers in surrounding agricultural areas: Our work continues to help promote best management practices in the region as we work with wine growers, orchardists, horse and hobby farm owners and broad acre farmers. Through site visits and trials, 18 workshops and 13 field days, we engaged more than 600 farmers and land managers to raise awareness about alternative fertiliser and farming methods, to help reduce the leaching of nutrients from farms, to reduce pollution and thus the negative environmental impact on our urban waterways.
98
http://www.perthregionnrm.com/pr-nrm-programs/water.aspxhttp://www.perthregionnrm.com/
-
Perth Region NRM 2013 Annual Report
10
Perth Region NRM 2013 Annual Report
Sustainable Agriculture
Thanks to our many partners for providing specialist expertise and support.
Promoting sustainable agriculture
Sustainable Agriculture knowledge hub
1
The use of mulch and compost in vineyards
Sustainable Agriculture
Mulch and compost what is the difference?There is some confusion about the terms mulch and compost which are often used interchangeably even though they are quite different products with different uses and potential benefits.
Mulch can be defined as material, organic or inorganic, that is used for placement on the soil surface as a protective cover. In vineyards, mulch is generally applied beneath the vines and includes materials such as cereal straw, wood chippings, cover crop slashings and plastic film. Organic materials are generally coarse in nature and commercially supplied products such as wood chippings may have been pasteurised to eliminate pathogenic organisms and
weed seeds. The use of mulch offers a number of potential benefits including improved soil moisture retention, weed suppression and reduced topsoil temperature variation and erosion. Mulch is also likely to enhance the population of soil saprophytic fungi as they are the primary organisms responsible for the breakdown of high lignin material. Nutrients are imparted to the soil, albeit very gradually, as this material is broken down.
Compost is a generic term used for a product generated from the composting process. It can be defined as organic material that has undergone controlled biological and chemical decomposition (including pasteurisation), resulting in a stable substance that is resistant to further decay. In vineyards, compost is applied either to the topsoil or incorporated into the subsoil as a conditioner, depending on the objectives of the vineyard.
The majority of composts contain nutrients and satisfactory numbers of bacteria which help to improve soil nutrient levels and biological health and result in positive vine growth responses. Well-managed quality composts have undergone a degree of humification and therefore have the added benefit of imparting colloidal material (humus) and a large diversity of organisms, including protozoa and nematodes, to the soil. These additions to the soil help reduce the risk of pathogen growth and may also increase vine resistance to diseases.
In summary, you can use compost as mulch but you cannot use mulch as compost. This distinction might seem trivial, but it is important to understand in order to make an informed decision on the suitability of a particular product for a particular task.
Compost application at Margaret River trial site.
SuStainable agriculture faCtsheet No 2
1
Perth RegionNRM
Key practicesThere are a few basic cultural practices that are critical to the performance of any orchard business. Most will agree that the key management practices are:
irrigation
nutrition
pest and disease management.
Other practices relating to variety and rootstock selection, plant density, canopy management and the use of plant growth regulators, are crop or site specifi c and should be addressed on a case-by-case basis.
An emerging trend that is not crop specifi c is the importance of the physical, chemical and biological attributes of the soil. These attributes have a major impact on crop performance and irrigation, nutrition, pest and disease management. This document reminds us what is important and where to fi nd information to help us make better management decisions.
SUSTAINABLE AGRICULTURE FACTSHEET NO 1
An introduction to orchard production
Maximise orchard performance through nutrient management
Key management practices
Meeting nutritional needsAll orchards need a balance of nutrients for optimum performance. Modern farming systems provide us with a range of tools to give that balance. Nutrients are divided into two main groups.
1. Macronutrients: nutrients that are required in large amounts, including primarily Nitrogen (N), Phosphorus (P) and Potassium (K) but also Calcium (Ca), Magnesium (Mg) and Sulphur (S).
2. Micronutrients: nutrients required in small amounts, often referred to as trace elements, including Iron (Fe), Manganese (Mn), Zinc (Zn), Copper (Cu), Boron (B), Chlorine (Cl) and Molybdenum (Mo).
Each of these nutrients has a role to play and while some are only required in minute amounts, defi ciencies of any of the above can severely limit orchard performance.
Managing grapevine nutrition and vineyard soil health
Perth RegionNRM
Click to access the hub
The Sustainable Agriculture and the Regional Landcare Facilitator program raises awareness of sound management practices such as efficient irrigation, balancing nutrition for optimum production, pest and disease management as well as improving soil performance and carbon farming. We engaged successfully with horse owners and orchardists, viticulturists and farmers growing a range of crops.
Highlights:
Workshops, field days and trial sites: We continued to provide knowledge and practical skills in order to help improve quality, yield and profit on farms, whilst raising awareness of the alternatives available to make better decisions and reduce environmental impact on our land and waterways.
Access to real, practical information: We distributed best practice information through our online Sustainable Agriculture Knowledge Hub and via fact sheets. The aim was to provide easy and instant access to quality information for farmers. We helped increase skills and promoted on-ground practice change.
Rigorous research: We undertook research to evaluate the effectiveness of a range of commercially available soil amelioration products to help promote healthier soils. We examined the potential they had to decrease nitrous oxide emissions; nitrogen use in agriculture accounts for 20% of its greenhouse gas emissions. Our work continues as we share vital knowledge with commercial growers to help them make better decisions, maintain production and decrease damage to the environment.
11
Click on images to view full PDF versions
http://www.perthregionnrm.com/pr-nrm-programs/sustainable-agriculture.aspxhttp://www.perthregionnrm.com/http://sustainableagriculture.perthregionnrm.com/http://www.perthregionnrm.com/media/65488/utilising_mulch_and_composts_in_vineyards.pdfhttp://www.perthregionnrm.com/media/57986/perth_nrm_orchard_production_a4_brochure_lr.pdfhttp://www.perthregionnrm.com/media/57989/grapevine_nutrition_amended.pdfhttp://sustainableagriculture.perthregionnrm.com/
-
Perth Region NRM 2013 Annual ReportPerth Region NRM 2013 Annual Report
Sustainable Agriculture
Building communities online
Our leadership
Our Board of Directors
Our project leadership team
Perth Region NRM 80 Great Northern Highway Middle Swan WA 6056 PO Box 2206, Midland WA 6936
perthregionnrm.com
We established a broad platform of communications to build online communities and effectively engage with our stakeholders, whilst providing easy, instant access to information for business, government, educational institutions and the community.
We reached more than 1,000 subscribers through our electronic newsletters and the number continues to grow steadily. Over 1,200 people engage with our Facebook page and we have steadily built a keen base of followers on Linkedin. Our You Tube site provides a real opportunity to view the success of our projects. All our online sites drive visitors to the Perth Region NRM website which receives 300 visits each month from users seeking information about a range of environmental issues.
Our new stakeholder engagement strategy has helped us to identify diverse groups across the Swan Region, based on their interests and needs and we are now better equipped to help build capacity. We continue to be connectors and collaborators, bringing like-minded groups and individuals together to achieve sound outcomes.
12
https://www.facebook.com/pages/Perth-Region-NRM/139447509414419http://www.linkedin.com/company/perth-region-nrmhttp://www.youtube.com/perthregionnrmhttp://www.perthregionnrm.com/http://www.perthregionnrm.comhttp://www.perthregionnrm.com/pr-nrm-programs/sustainable-agriculture.aspxhttp://www.perthregionnrm.com/about-perth-region-nrm/our-board.aspxhttp://www.perthregionnrm.com/about-perth-region-nrm/our-people.aspxhttp://www.perthregionnrm.comhttps://www.facebook.com/pages/Perth-Region-NRM/139447509414419http://www.linkedin.com/company/perth-region-nrmhttp://www.youtube.com/perthregionnrm
-
Perth Region NRM 2013 Annual ReportPerth Region NRM 2013 Annual Report
Financial Report Perth Region NRM Inc.for the year ended 30 June 2013
Perth Region NRM 2013 Annual ReportPerth Region NRM 2013 Annual Report
1514
Financial Report Perth Region NRM Inc.for the year ended 30 June 2013
Statement of Financial PositionNotes 2013 2012
$ $
ASSETS
Current assets
Cash and Equivalents 2,319,436 1,641,896
Accounts Receivable 134,908 589,380
2,454,344 2,231,276
Non-current assets
Plant and Equipment 2 98,208 -
98,208 -
Total Assets 2,552,552 2,231,276
LIABILITIES
Current liabilities
Motor vehicle leases 8,236 -
Accounts Payable 316,217 67,929
Payroll Liabilities 112,937 41,707
GST Payable 24,483 59,276
Funding received in advance 4 217,006 748,847
678,879 917,759
Non-current liabilities
Provision for Long Service Leave 77,492 55,799
Motor vehicle leases 38,199 -
115,691 55,799
Total Liabilities 794,570 973,558
Net Assets 1,757,982 1,257,718
EQUITY
Retained Surplus 1,257,718 1,007,517
Surplus for the year 500,264 250,201
Total Equity 1,757,982 1,257,718
Directors ReportThe Directors have pleasure in submitting the financial report of the Perth Region NRM Inc. for the financial year ended 30 June 2013.
Board of Management
The names of Board members throughout the year and at the date of this report are: Pasquale Cesare Lisa Potter Doug Hall Mariyon Slany Rod Henderson Matthew Taylor Sally Lake Steve Vanstan
Principle Activities
The principal activities of the association during the year were to provide funding coordination of natural resource management (NRM) in the Perth region.
Significant Changes
No significant change in the nature of these activities occurred during the year.
Operating Result
The surplus for the year amounted to $500,264 (2012 $250,201)
Signed in accordance with a resolution of the Board of Directors
Doug Hall Rod Henderson Chairperson Finance Committee Chairperson
Dated this 25th day of September 2013
http://www.perthregionnrm.com/
-
Perth Region NRM 2013 Annual ReportPerth Region NRM 2013 Annual Report
Financial Report Perth Region NRM Inc.for the year ended 30 June 2013
Financial Report Perth Region NRM Inc.for the year ended 30 June 2013
Perth Region NRM 2013 Annual ReportPerth Region NRM 2013 Annual Report
1716Income Statement
Notes 2013 2012
$ $
REVENUE
Grants and Contributions 3,381,412 -
Caring for Our Country - 2,164,360
Swan Alcoa Landcare Program - 494,749
WA State Funding - 249,638
Swan River Trust - 12,056
Program Support / Other Funding - 425,974
Other Revenues:
Interest Received 123,529 101,161
Other income 514,204 -
Unspent funds from prior years 4 387,559 -
Total Income 4,406,704 3,447,938
EXPENSES
Project Expenses 2,200,820 1,767,691
Employment Costs 1,236,034 1,330,689
Increase in Leave Provisions - 19,244
Decrease in Leave Provisions - (258,607)
Accounting and Audit Expense 42,685 37,770
Advertising & Marketing 43,245 -
Bank Fees 936 670
Board and Committee Costs 20,059 49,207
Communication and IT Costs 48,980 54,891
Consulting fee 69,543 -
Depreciation 5,270 -
Industry Service Fees 13,000 -
Insurances 10,531 16,770
Motor Vehicle Expenses 58,302 81,947
Office Supplies 26,625 10,478
Postage Freight and Delivery 1,983 1,378
Promotions 23,814 23,054
Rent & Electricity 29,010 25,317
Repairs & Maintenance 53,005 -
Subscriptions and Publications 1,588 6,099
Training and Development 5,783 15,661
Travel Expenses 15,227 15,478
Total Expenses 3,906,440 3,197,737
Surplus 500,264 250,201
The financial report covers Perth Region NRM as an individual entity (Association). Perth region NRM is an association incorporated in Western Australia under Associations Incorporation Act 1987.
The principal activities of the association are to provide funding co-ordination of natural resource management (NRM) in the Swan and Perth regions.
Note 1: Summary of Significant Accounting Policies
a) General StatementThis financial report is a special purpose financial report prepared in order to satisfy the financial reporting requirements of the Associations Incorporation Act (WA) and have not been prepared in accordance with Australian Accounting Standards and Australian Accounting Interpretations of the Australian Accounting Standards Board (AASB).
The Committee has determined that the Association is not a reporting entity.
b) Basis of PreparationThe financial report has been prepared in accordance to the requirements of the Associations Incorporation Act (WA), the Associations accounting policies.
The financial report has been prepared on an accruals basis of accounting using the historical cost convention. The changing money values or, except where specifically stated, current valuations of non-current assets were not taken into account.
The financial report is presented in Australian dollars.
The following material accounting policies, which are consistent with the previous period unless otherwise stated, have been adopted in the preparation of this special purpose financial report.
c) IncomeRevenue recognitionRevenue is recognised as follows:
Grants, donations, gifts and other non-reciprocal contributionsRevenue is measured at the fair value of contributions received or receivable. Income arising from the contribution of an asset to the association is recognised when all of the following conditions are met: The Association obtains control of the contribution or the right to receive the contribution It is probable that the economic benefits comprising the contribution will flow to the entity, and The amount of the contribution can be measured reliably
InterestRevenue is recognised as the interest accrues.
d) Financial InstrumentsIn addition to cash and cash equivalents, the Association has two categories of financial instrument: Receivables; and Financial liabilities measured at amortised cost.These have been disaggregated into the following classes:
Financial Assets Cash and cash equivalents Receivables and prepayments
Financial Liabilities Payables Finance Lease Liabilities
Notes to the Financial Report
http://www.perthregionnrm.com/
-
Perth Region NRM 2013 Annual ReportPerth Region NRM 2013 Annual Report
Financial Report Perth Region NRM Inc.for the year ended 30 June 2013
Financial Report Perth Region NRM Inc.for the year ended 30 June 2013
Perth Region NRM 2013 Annual ReportPerth Region NRM 2013 Annual Report
1918 Initial recognition and measurement of financial instruments is at fair value which normally equates to the transaction cost or the face value. Subsequent measurement is at amortised cost using the effective interest method.
The fair value of short-term receivables and payables is the transaction cost or the face value because there is no interest rate applicable and subsequent measurement is not required as the effect of discounting is not material.
e) Income TaxThe Association is a non-profit organisation and thus exempted from income tax by virtue of section 23(3) of the Income Tax Assessment Act.
f) Goods and Services Tax (GST)Revenues, expenses and assets are recognised net of GST, except where the amount of GST incurred is not recoverable from the Australian Taxation Office. In these circumstances the GST is recognised as part of the cost of acquisition of the asset or as part of an item of expense. Receivables and payables in the Statement of Financial Position are shown inclusive of GST.
g) Property, Plant and Equipment (Note 3)As per terms of the Constitution, all assets are to be passed over to a like organisation on winding up and in case of the leasehold improvements; these will be abandoned when Perth Region NRM vacates the premises. Until 1 July 2012, the Associations policy was to expense all capital expenditure assets.
The management of the Association has reviewed this accounting policy and is of the opinion, that it would be more prudent to recognise Property, Plant and Equipment as a non-current asset and has elected to apply this accounting policy from 1 July 2013 (Note 3). All non-current assets having a limited useful life are systematically depreciated over their estimated useful lives in a manner that reflects the consumption of their future economic benefits.
Depreciation on assets is calculated using the straight line method, using rates which are reviewed annually. Estimated useful lives for each class of depreciable asset are:
Furniture and fittings 4 years
Motor Vehicles 4 years
h) ProvisionsProvisions are liabilities of uncertain timing or amount and are recognised where there is a present legal or constructive obligation as a result of a past event and when the outflow of resources embodying economic benefits is probable and a reliable estimate can be made of the amount of the obligation. Provisions are reviewed at the end of each reporting period.
Provisions employee benefitsAnnual leave and long service leaveThe liability for annual and long service leave that is expected to be settled within 12 months after the end of the reporting period is recognised and measured at the undiscounted amounts expected to be paid when the liabilities are settled.
Annual and long service leave expected to be settled more than 12 months after the reporting period is measured at the present value of amounts expected to be paid when the liabilities are settled. Leave liabilities are in respect of services provided by employees up to the end of the reporting period. When assessing expected future payments consideration is given to expected future wage and salary levels including non-salary components such as employer superannuation contributions.
Notes to the Financial Report (continued) Notes to the Financial Report (continued)Note 2: Property, Plant and Equipment
Cost $
Accumulated Depreciation
$
Carrying Amount
$
2013
At cost:
Furniture and Equipment 13,188 (1,508) 11,680
Vehicles 90,290 (3,762) 86,528
103,478 (5,270) 98,208
Note 3: Change in Accounting Policy
The Association has changed its accounting policy in respect of recognition of Property, Plant and Equipment. As from 1 July 2012, it recognises its Property, Plant and Equipment as Non-current assets in the Statement of Financial Position (Note 1g). These assets, which would previously have been expensed to the Statement of Comprehensive Income, are now recognised in the Statement of Financial Position as non-current assets. This has resulted in the increase in non-current assets by $98,208.
The Association has elected not to apply the new policy retrospectively and therefore, comparative figures are not re-stated.
Management believes that the above change in accounting policy results in the financial report providing reliable and more relevant information about the effects of transactions and conditions on the Associations financial position and financial performance.
Note 4: Funding received in advance
2013 $
2012 $
Balance brought forward 748,847 821,463
Less: unspent funds from prior years transferred to income statement
(387,559) -
Less: funding received in advance transferred to income statement
(361,288) (433,904)
Add: funding received in advance for current year carried forward
217,006 361,288
Balance carried forward 217,006 748,847
Management completed a detailed reconciliation exercise of amounts reported as Funding received in advance during the year and identified amounts totaling $387,560 which do not relate to outstanding grant commitments.
These amounts effectively relate to prior period earnings on funds placed on deposit and other miscellaneous surpluses/ income. This amount has been reflected as income in the current reporting period.
The balance of $217,006 represents deferred income on open grant agreements.
http://www.perthregionnrm.com/
-
Perth Region NRM 2013 Annual ReportPerth Region NRM 2013 Annual Report
Financial Report Perth Region NRM Inc.for the year ended 30 June 2013
Financial Report Perth Region NRM Inc.for the year ended 30 June 2013
Perth Region NRM 2013 Annual ReportPerth Region NRM 2013 Annual Report
2120Officers Assertion Statement
The Board has determined that the Association is not a reporting entity and that this special purpose financial report should be prepared in accordance with the accounting policies outlined in Note 1 to the financial statements.
In the opinion of the Board the financial report:
1. Presents a true and fair view of the financial position of Perth Region NRM Inc. at 30 June 2013 and its performance for the year ended on that date.
2. At the date of this statement, there are reasonable grounds to believe that Perth Region NRM Inc. will be able to pay its debts as and when they fall due.
This statement is made in accordance with a resolution of the Board and is signed for and on behalf of the Board by:
Doug Hall Rod Henderson Chairperson Finance Committee Chairperson
Dated this 25th day of September 2013
Lawler is an alliance of independent accounting firms practising separately. For more information please visit www.lawler.com.au
Perth
Level 1, 2 George Wiencke Drive
Perth Airport WA 6105 Australia
P O Box 257 Belmont WA 6984
p 08 6272 6888 f 08 6272 6999
Msolutions Pty Ltd ABN 25 081 208 415
Liability limited by a scheme approved under Professional Standards Legislation
Perth
Sydney
Newcastle
Melbourne
Tamworth
Brisbane
Independent Auditors Report
http://www.perthregionnrm.com/
-
Perth Region NRM 2013 Annual Report
Financial Report Perth Region NRM Inc.for the year ended 30 June 2013
Perth Region NRM 2013 Annual Report
22
Perth Region NRM 2013 Annual Report
Lawler is an alliance of independent accounting firms practising separately. For more information please visit www.lawler.com.au
Perth
Level 1, 2 George Wiencke Drive
Perth Airport WA 6105 Australia
P O Box 257 Belmont WA 6984
p 08 6272 6888 f 08 6272 6999
Msolutions Pty Ltd ABN 25 081 208 415
Liability limited by a scheme approved under Professional Standards Legislation
Perth
Sydney
Newcastle
Melbourne
Tamworth
Brisbane
Independent Auditors Report (continued)
23
With thanks to:
http://www.perthregionnrm.com/
-
Who are we?Protecting our coastal and marine environmentPreserving cultural heritageEnhancing biodiversityProtecting the quality of our water resourcesPromoting sustainable agricultureBuilding communities onlineOur leadershipFinancial Report Directors ReportStatement of Financial PositionIncome StatementNotes to the Financial ReportOfficers Assertion StatementIndependent Auditors Report
SR map: Map 3: Close SR map cross: C&M read more: CM partner button: C&M quote: C&M partner pullout: Close C&M partners list: Close C&M intro: CH read more button: CH partner button: CH quote: CH partner pullout: Close CH partners list 2: Close CH intro x: Biodiversity partner button 2: Biodiversity read more button: B Message 2: Biodiversity Partners pullout: Close partner list: Close bio quote x: Water read more button: Water partner text: Water quote: Water partner pullout: Close water partners list: Close water message x: SA read more button: SA partners button: SA message: SA partners pullout: Close SA partners: Close SA message x: Thank you button 4: Thank you note 6: Close thank you note button 6: